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At 8:30 a.m. Eastern, the U.S. labor market handed traders a breaking story with two timelines, one for today, one for last year.
Nonfarm payrolls grew by 130,000 in January, unemployment held at 4.3%, and wages kept climbing.
The details came straight from the BLS, the monthly snapshot that tells markets how hiring and paychecks are moving.
Then I scrolled, and the past shifted.
The same release carried a huge annual benchmark revision that rewrote the job count for March 2025 lower by 898,000 on a…
